Integrating OHS & Business

611: Identify and implement methods for risk evaluation and decision making in a business environment

The OHS professional must thoroughly understand the business context in order to adequately evaluate risk and to make appropriate decisions that impact business operations. Different business operations have different levels of risk tolerance, and developing appropriate solutions requires familiarity with:

– Sources of information on risk, such as previous education, relevant experts, and professional standards
– Methods of risk assessment
– Qualitative and quantitative methods for estimating levels of risk, including issues and limitations

In addition, depending on the workplace context, it may be important to be familiar with concepts related to risk perception and risk communication, including:

– The role of the workforce in decision-making
– Trade unions
– Public and other stakeholders

Prerequisite

None

References in Other Frameworks

IOSH: TC2, CC7

Understand and Remember

– Sources of information on risk
– Defining acceptable levels of risk
– How business contexts impact levels of risk tolerance
– How OHS goals interact with business decision-making processes

Apply and Analyze

– Make business-related OHS decisions with supporting rationale
– Engage workforce stakeholders in decision-making

Evaluate and Create

– Evaluate the impact of OHS decisions in the broader business context

No results found.

Related Units of Competency

601 Demonstrate
Understanding of fundamentals of business administration and operations
602 Demonstrate
Understanding of the intersection between OHS and human resource processes
604 Perform
Information gathering, data analysis, and forecasting
607 Develop
And implement an OHS continuous improvement plan
608 Integrate
Health and safety with corporate social responsibility